Reis Mischa 4

What Happened
Mischa Reis, SVP, Strategy & Business Development at Envista (NVST), received equity awards and had shares withheld to cover taxes. On 2026-02-25 Reis was granted 5,915 restricted stock units (RSUs), 10,770 performance share units (PSUs) at target, and 14,020 option-related derivative units — a total of 30,705 award units. Concurrently, 2,976 shares were disposed (withheld) to satisfy tax withholding at a reported price of $29.59 per share, representing proceeds of approximately $88,060. The awards were reported as grant/acquisition transactions (code A) and the withholding as a tax-withholding disposal (code F).

Key Details

• Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (filed two days after the transactions).
• Withheld/disposed: 2,976 shares at $29.59 = ~$88,060 (tax withholding).
• Awards granted (all reported as $0 acquisition price on grant): 5,915 RSUs; 10,770 PSUs (reported at target); 14,020 option-derivative units. Total awarded units = 30,705.
• Shares owned after the transactions: Not stated in the filing.
• Relevant footnotes from the filing: F1 = shares withheld to satisfy tax on RSU vesting; F2 = RSUs vest ratably over 3 years (1-for-1 share conversion); F3 = PSUs vest based on 3-year performance (payout 0%–200% of target); F4 = option will vest ratably over 3 years.
• Filing timeliness: Report appears timely (filed two days after the transaction).

Context

• The 2,976-share disposal was a tax withholding event (common when RSUs vest), not an open-market sale indicating a directional bet.
• PSUs are performance-contingent — the reported PSU amount is "at target" and actual shares paid could be 0%–200% depending on results.
• The option/derivative units and RSUs vest over time (three-year ratable vesting), so these awards do not represent immediate share purchases.
• For retail investors: awards increase insider exposure to the stock over time if they vest/convert, while tax-withholding disposals are routine administrative actions.